Running a business in Singapore means growing pressure to adopt sustainability practices—from customers, supply chain partners, investors, and regulators. Singapore offers four main funding pathways for green transition: equipment upgrades (EEG), sustainability reporting (SRG), process improvement projects (EDG), and green financing (EFS-Green).
This guide is written for business operators who want clarity fast:
- Which grant matches your sustainability goal
- What it can fund (and what it won’t)
- The simple steps to apply without getting rejected
Best-Fit Grants for Green Transition
Start Here (Quick Pick)
- You want to replace old equipment with energy-efficient models (LED, air-con, refrigeration, kitchen equipment) → EEG
- You need to prepare your first sustainability report (ISSB compliance, ESG disclosures) → SRG
- You’re implementing a larger green transformation (carbon reduction project, sustainability certification, green supply chain) → EDG
- You need financing for green capital investments (renewable energy, major efficiency upgrades, sustainable infrastructure) → EFS-Green
- You want ESG tracking software (carbon accounting, sustainability reporting platform) → PSG (Carbon & ESG Management category)
Eligibility & Timing Rules
- Apply before you pay or sign. Deposits, invoices, or signed contracts before submission can make you ineligible.
- Use pre-approved equipment where required. EEG Base Tier requires equipment from the pre-approved list.
- Different grants have different company size requirements. SRG requires listed company status or S$100M+ revenue; EEG requires eligible sector SSIC codes.
- No double-dipping. Same expense cannot be claimed under multiple grants, but different project components can use different grants.
Top Grants for Green Transition
1) Energy Efficiency Grant (EEG)
Use EEG when: you’re upgrading to energy-efficient equipment to reduce utility costs and carbon footprint.
Good fit examples
- LED lighting systems (replace fluorescent or halogen lighting)
- High-efficiency air conditioning (inverter systems, variable refrigerant flow)
- Commercial refrigeration (display chillers, walk-in freezers with better efficiency ratings)
- Kitchen cooking equipment (energy-efficient ovens, fryers, steamers)
- Variable speed drives (for motors and pumps)
- Electric vehicles / forklifts (replacing diesel equipment)
How much
- Base Tier: Up to S$30,000, with 70% support for SMEs and 30% for non-SMEs (valid until 31 Mar 2026)
- Advanced Tier: Up to S$350,000 (for projects with 350+ tonnes lifetime CO2 abatement)
When
- Apply before purchase or installation
- Equipment must be from pre-approved list (Base Tier)
How (fast path)
- Check the pre-approved equipment list on GoBusiness for your equipment type.
- Get quotes showing energy efficiency ratings and cost (do not sign or pay).
- Submit via BGP (Business Grants Portal).
- After approval, purchase and install equipment.
- Submit claim with photos and receipts within one year.
Where
- See more: Energy Efficiency Grant (EEG)
2) Sustainability Reporting Grant (SRG)
Use SRG when: you’re preparing your first sustainability report with ISSB-based climate-related disclosures.
Good fit examples
- External sustainability consultancy (ESG strategy, materiality assessment, report drafting)
- Third-party assurance services (independent verification of sustainability report)
- ESG software and tools (data collection platforms, carbon accounting systems)
- Sustainability training for staff (ISSB standards, ESG reporting methodology)
- Transition to ISSB compliance (IFRS S1 and S2 standards)
How much
- Up to 30% of eligible costs
- Capped at S$150,000 per company (one application only)
When
- Apply before project starts (no work commenced, no contracts signed)
- Must be preparing your first ISSB-compliant report
- Must apply before your mandatory compliance deadline
How (fast path)
- Confirm eligibility: SGX-listed (non-STI) OR S$100M+ annual revenue.
- Get consultant/vendor quotations with detailed scope breakdown.
- Submit via BGP with financial statements and quotations.
- After Letter of Offer, complete project and publish report.
- Engage external auditor for claim verification, then submit claim.
Where
- See more: Sustainability Reporting Grant (SRG)
3) Enterprise Development Grant (EDG) — Green Projects
Use EDG when: you’re implementing a larger sustainability transformation (carbon reduction, green certification, sustainable process redesign).
Good fit examples
- Carbon footprint reduction projects (process redesign, waste heat recovery, renewable energy integration)
- Green certification (ISO 14001, B Corp, industry-specific sustainability certifications)
- Sustainable supply chain (supplier sustainability assessment, green procurement systems)
- Circular economy initiatives (waste reduction, recycling systems, product lifecycle improvements)
- Sustainability capability building (strategic planning, roadmap development)
- Clean technology implementation (beyond standard equipment—custom solutions)
How much
- Up to S$500,000 funding support
- Typically 50–70% co-funding for SMEs
- Processing time: 8–12 weeks
When
- Apply before starting the project
- Requires a project plan with clear sustainability outcomes
How
- Define your sustainability project and expected outcomes (carbon reduction, efficiency gains, certification).
- Get vendor quotes for consultancy, equipment, training, and professional services.
- Prepare a project plan showing how changes improve environmental performance.
- Submit via BGP with business case and supporting documents.
Where
- See more: Enterprise Development Grant (EDG)
4) Enterprise Financing Scheme — Green Loan (EFS-Green)
Use EFS-Green when: you need financing for larger green capital investments that exceed grant caps or require loan funding.
Good fit examples
- Renewable energy installations (solar panels, energy storage systems)
- Major facility upgrades (green building retrofits, carbon-neutral operations)
- Green fleet transition (electric vehicle fleet, charging infrastructure)
- Sustainable manufacturing equipment (large-scale efficiency investments)
- Carbon reduction infrastructure (emissions capture, recycling facilities)
How much
- Government risk-share: Up to 80% (enhanced from standard 70% for green initiatives)
- Loan quantum varies based on project scope
- Interest rates determined by Participating Financial Institution (PFI)
When
- Apply through a Participating Financial Institution (bank)
- For capital investments that need loan financing
How
- Identify your green financing need and project scope.
- Approach a Participating Financial Institution (major banks offer EFS).
- Submit loan application with green project documentation.
- Bank evaluates creditworthiness; EFS risk-share automatically applies.
Where
- See more: Enterprise Financing Scheme (EFS)
5) Productivity Solutions Grant (PSG) — Carbon & ESG Management
Use PSG when: you want pre-approved ESG software for carbon accounting and sustainability reporting.
Good fit examples
- Carbon management platforms (Scope 1, 2, 3 emissions tracking)
- ESG reporting software (GRI, TCFD, ISSB-aligned reporting)
- Sustainability data collection tools (automated data aggregation)
- Carbon accounting automation (emission factor matching, audit trails)
How much
- Up to 50% of eligible costs
- S$30,000 annual cap per company (1 Apr–31 Mar grant year)
When
- Apply before any payment or contract signing
- Processing time: ~6 weeks
How (fast path)
- Browse pre-approved ESG solutions in the PSG catalogue (5 vendors available).
- Get vendor quote addressed to your ACRA entity name.
- Submit via BGP with financials and quote.
Where
- See more: PSG Carbon & ESG Management Solutions
- See more: Productivity Solutions Grant (PSG)
Green Transition Scenarios & Which Grant to Use
| Business Scenario | Grant | Funding | Timeline |
|---|---|---|---|
| Restaurant replacing kitchen equipment with energy-efficient models | EEG | Up to S$30K (70%) | 4–6 weeks |
| Retail store upgrading to LED lighting and efficient air-con | EEG | Up to S$30K (70%) | 4–6 weeks |
| Manufacturing facility implementing large-scale energy efficiency | EEG Advanced | Up to S$350K (70%) | 8–12 weeks |
| SGX-listed company preparing first ISSB sustainability report | SRG | Up to S$150K (30%) | 10–14 weeks |
| Large company (S$100M+ revenue) needing ESG consultancy | SRG | Up to S$150K (30%) | 10–14 weeks |
| SME implementing carbon reduction and ISO 14001 certification | EDG | Up to S$500K (50–70%) | 8–12 weeks |
| Company financing solar panel installation for factory | EFS-Green | Loan (80% risk-share) | Bank-dependent |
| SME wanting carbon accounting software | PSG | Up to S$30K (50%) | 6 weeks |
Green Transition Pitfalls to Avoid
1. Wrong grant for your company size
- SRG requires SGX listing OR S$100M+ revenue—most SMEs do not qualify
- If you’re an SME wanting sustainability support, start with EEG or PSG instead
2. Equipment not on pre-approved list (EEG Base Tier)
- EEG Base Tier only covers equipment on the pre-approved list
- Check GoBusiness equipment list before requesting quotes
- For custom equipment, consider EEG Advanced Tier (requires 350t CO2 savings demonstration)
3. Starting before approval
- Do not sign contracts, make deposits, or start work before receiving Letter of Offer
- Pre-purchased equipment is not eligible for reimbursement
4. Confusing SRG with PSG Carbon Solutions
- SRG: For preparing your first ISSB sustainability report (large companies only)
- PSG Carbon Solutions: For carbon accounting software (SMEs eligible)
- Different eligibility, different purposes
5. Missing sector requirements (EEG)
- EEG requires specific SSIC codes: Manufacturing (10–32), Food Services (56), Retail (47), Construction (41–43)
- Home-based businesses and charities are not eligible
6. Underestimating documentation for EDG
- EDG requires detailed project plans with clear sustainability outcomes
- Vague applications (“reduce carbon footprint”) get rejected
- Be specific: which processes, what equipment, what metrics, what timeline
7. Thinking EFS-Green is a grant
- EFS-Green is a loan with enhanced risk-sharing, not a grant
- You must repay the loan with interest
- Government shares default risk with bank, but borrower remains liable
Related Guides & Resources
Grant Decision Guides
- SRG vs EEG Decision Matrix — sustainability reporting vs equipment funding
- EEG vs PSG Decision Matrix — energy efficiency vs productivity solutions
- PSG vs EDG Decision Matrix — pre-approved solutions vs custom projects
- EFS vs Grants Decision Matrix — loans vs subsidies
Scheme Details
- Energy Efficiency Grant (EEG) — full details on eligible sectors and equipment
- Sustainability Reporting Grant (SRG) — eligibility and compliance timelines
- Enterprise Development Grant (EDG) — comprehensive transformation projects
- Enterprise Financing Scheme (EFS) — loan types and green financing
Equipment & Solution Guides
- EEG Equipment Guide — what equipment qualifies
- EEG Efficiency Standards — technical requirements
- PSG Carbon & ESG Solutions — pre-approved ESG software
Application Guides
- First-Time Application Checklist
- Common Grant Pitfalls
- Singapore Grants Glossary
- Corppass Setup Guide — how to set up BGP access
Official Links
Need help with your application?
Check if you're eligible and get your document checklist in 30 minutes.
Check Eligibility